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Constellation Software's Volaris Group Acquires Information Distribution & Marketing, Inc.
TORONTO, ONTARIO, Feb 20, 2013 (MARKETWIRE via COMTEX) --
Constellation Software Inc. ("Constellation") (TSX: CSU) today
announced that its wholly owned division Volaris Group Inc.
("Volaris") has acquired Information Distribution & Marketing, Inc.
("IDMI"), a leading provider of property and casualty insurance
administration software to regional insurance companies and Managing
General Agents (MGAs). This is Volaris' first acquisition in the
Insurance vertical.
IDMI's flagship product, called PTS, is a policy administration
system that provides insurers with full policy lifecycle processing
capabilities from policy administration and reporting through to
agency point of sale and mobile applications. IDMI has installed more
than 45 PTS systems in the US to support both Personal and Commercial
lines within the Insurance industry. In addition, IDMI has a services
arm called Primoris Services ("Primoris") that provides back-office
services such as payment processing, print fulfillment and data
hosting.
Led by Gary Martin and operating as a separate entity, IDMI will
continue to serve its customers under the IDMI and Primoris brands
with a strong management team in place.
About Volaris Group
Volaris acquires, strengthens and grows vertical market technology
companies enabling them to be clear leaders within their focused
industry. Volaris companies provide specialized, mission-critical
solutions to vertical markets around the world including Agri-Food,
Asset Management and Logistics, Benefits Administration, Cultural
Collections Management, Justice, People Transportation, Marine and
Rental Management. Volaris is an operating group of Constellation
Software Inc. Learn more at www.volarisgroup.com.
About Constellation Software Inc.
Constellation's common shares are listed on the Toronto Stock
Exchange under the symbol "CSU". Constellation Software acquires,
manages and builds vertical market software businesses that provide
mission-critical software solutions.
Contacts:
Constellation Software Inc.
John Billowits
Chief Financial Officer
(416) 861-2279
info@csisoftware.com
www.csisoftware.com
SOURCE: Constellation Software Inc.
mailto:info@csisoftware.com
http://www.csisoftware.com
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